Arab News, Mon, Oct 16, 2023 | Rabi Al-Thani 1, 1445
Over 29k Saudi families benefit from Sakani housing program in Q3
Saudi Arabia:
As many as 29,361 Saudi families benefited from Sakani’s housing options and
financing solutions during the third quarter of 2023, bringing the total number
of beneficiaries since the beginning of the year to 71,145.
September recorded the highest number of families
receiving support from the program, at 10,808. In addition, 6,803 families
received possession of their first home during that period.
This initiative‚ launched in 2017 by the Real
Estate Development Fund, is part of a collaborative effort to enhance housing
affordability in the Kingdom, aligning with the goals of the housing program, a
key element of Vision 2030.
Through this, the Kingdom aims to increase the
proportion of Saudi families that own a home from 47 percent in 2016 to 70
percent by 2030.